Engage XR Holdings PLC 2024 AR2
The report highlights ENGAGE XR Holdings plc's performance and strategic transition for the fiscal year 2024. Despite an 8% decline in revenue to €3.4 million due to reduced enterprise spending, the company achieved a 60% increase in revenue from the education and corporate training sectors. Key developments include partnerships with Meta and Lenovo to sell VR headsets, and the successful delivery of a major immersive learning project in the Middle East. The company also launched its School of AI initiative and implemented cost-saving measures to align its cost base with current revenues, aiming for cash flow breakeven in FY26.
Company: Engage XR Holdings PLC
Sector: Technology & telecommunications
Country: Ireland
Year: 2024
Type: AR2
Pages: 77
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Engage XR Holdings PLC
Annual Report And Financial Statements
The report highlights ENGAGE XR Holdings plc's performance and strategic transition for the fiscal year 2024. Despite an 8% decline in revenue to €3.4 million due to reduced enterprise spending, the company achieved a 60% increase in revenue from the education and corporate training sectors. Key developments include partnerships with Meta and Lenovo to sell VR headsets, and the successful delivery of a major immersive learning project in the Middle East. The company also launched its School of AI initiative and implemented cost-saving measures to align its cost base with current revenues, aiming for cash flow breakeven in FY26.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Published
Jun 2, 2025
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees